you are considering a career in appraising in ny state
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You are considering a Career in Appraising in NY State. The Appraisal Education Network School and Merrell Institute may be the school you are looking for. NY State has both Education and Experience for those considering a career in Appraisal. 90 hours of Education- This includes R-1 R-2

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you are considering a career in appraising in ny state

You are considering a Career in Appraising in NY State

The Appraisal Education Network School and Merrell Institute may be the school you are looking for

ny state has both education and experience for those considering a career in appraisal
NY State has both Education and Experience for those considering a career in Appraisal
  • 90 hours of Education- This includes
  • R-1
  • R-2
  • AQ-1
  • USPAP
the courses are mandatory
The courses are mandatory
  • R-1 is 30 hours plus an exam
  • R-2 is 30 hours plus an exam
  • AQ-1 is 15 hours plus an exam
  • USPAP is 15 hours plus an exam

All students must successfully complete all 4 courses and pass each exam- this is mandatory in NY State

licensed appraiser assistant
Licensed Appraiser Assistant
  • The State requires the education we discussed to enter the field as a Licensed Appraiser Assistant.
  • There is NO state exam for assistants
  • There is NO experience requirement for Assistants
  • Assistants must possess a High School Diploma
once you are in the field
Once you are in the Field
  • As an Assistant, you may consider:
  • Becoming Fully Licensed
  • Becoming Certified Residential
  • - - - - - -
  • You need 24 months of experience before you consider either choice above
new york state final exam
New York State Final Exam
  • There is a State test for both
  • Certified Residential -or-
  • Licensed
  • When you became an Assistant you received an admit card for the License State Exam
ny state test continued
NY State Test- Continued
  • You cannot take the Certified Residential Exam unless you have successfully completed R-3 and R-4 and notified the state and requested an upgrade certificate

Calling 518-474-4429 is the way to accomplish this upgrade- don’t wait- it takes weeks to receive the upgrade

experience
Experience
  • License- 2000 hours over 24 months
  • Certified Residential- 2500 hrs over 24 months
  • The state determines the # of hours per assignment
log of experience as an appraiser
Log of Experience as an Appraiser
  • You must submit a Log of your experience, which will be verified
  • The log must be in chronological order
  • Each page of the log must be signed
  • You must fill out a new application with al documentation to upgrade to either Certified Residential or Licensed in NYS
appraiser continuing education
Appraiser Continuing Education
  • Continuing Ed is mandatory for all levels of Licensure
  • 28 hours of Continuing Education BEFORE you renew or upgrade
  • This must include the 7 hour USPAP Upgrade course
keep good logs
Keep Good Logs
  • Work files must be maintained for a minimum of 5 years
  • Certificates of course completed must be retained as well
  • Proof is required if NYS audits you.
  • Those who violate the law are subject to revocation, fines and or suspensions
do good and avoid evil
Do Good and Avoid Evil
  • The entire premise behind USPAP rules
  • The entire basis for a GOOD Appraisal
  • Temptation is always there for an Appraiser. Only strong, honest, credible Appraisers will be able to withstand the temptation. Money, Power, Greed!
what is an appraisal
What is an Appraisal?
  • An opinion of value, as of a specific date, for a specific purpose, use and client which will result in a credible and defensible estimate

Sounds simple but it is a real job!

8 steps to a valid appraisal
1. Define the Assignment

2. Determine Data to be used

3. Analyze Data

4. Highest and Best Use

5. Site Valuation

6. Approaches- Sales, Cost and Income

7. Final Reconciliation

8. Reporting Value

These are the 8 steps needed for a credible appraisal and report

8 Steps to a Valid Appraisal
uspap uniform standards
1. Develop an Appraisal

2. Communicate an

Appraisal

3. Review an Appraisal

4. Develop Consultation Appraisal

5. Communicate Consultation Appraisal

6. Develop/Communicate a Mass Appraisal

7. Develop a Personal Property Appraisal

8. Communicate Personal Property Appraisal

9. Develop a Business Appraisal

10. Communicate a Business Appraisal

USPAP- Uniform Standards
this was designed to give you a taste of the profession
This was designed to give you a Taste of the Profession
  • If you are Serious of entering the Profession, you must attend courses are a reputable school.
  • We hope you select Us!
  • Appraisal Education Network School
  • 631-563-7720
  • www.merrellinstitute.com
ready for a career education is the key
Ready for a Career-Education is the Key!

631-563-7720

Appraisal Education Network School

1461-16 Lakeland Avenue

Bohemia, NY 11716

Bill C. Merrell, Ph.D-

School Director

success can t be guaranteed
Success can’t be guaranteed…
  • No one can guarantee success!
  • Hard work is needed to achieve any meaningful level of success in a Profession!
  • You must determine if you are willing to succeed.
appraisal education network school and merrell institute

Appraisal Education Network School –and- Merrell Institute

1461-16 Lakeland Avenue

Bohemia, NY 11716

631-563-7720

Fax: 631-563-7719

www.merrellinstitute.com

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